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will be divided in to six 15-minute segments. allotted to topics related to the economy, healthcare and government. tens of millions of americans will be watching. according to the polls, most have already made up their minds. one recent poll says 7% of likely voters are still undecided. they will be the primary targets tonight. as the neigh watches. chief white house correspondent ed henry begins our coverage. >> in the run township the clash that will help decide whether he gets another four years, president obama stayed mum. leaving the heavy lifting yet again today to former president bill clinton in new hampshire, who made the case this is a choice about the next four years. >> the economy is not fixed. i am telling you, nobody can fix this much damage in four years. but the president's economic plan is better in the short run, better in the long run. >> reporter: the president made the opposite case in 2009. vowing to get the economy fixed in three years or this would be in his words a one-term proposition. which is why senator marco rubio told fox he believes the president will be vulnerabl
questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
. if you don't believe me, look at the numbers that just came out in the growth of our economy. 1.3% verses russia at 4%. china at 7% to 8%. we're at 1.3%. this is unacceptable. it is not working. i know what it takes to get us working. he's put us on a road to europe. europe doesn't work in europe. i want to get us back to being america where people come here, build enterprises here. we fulfill american dreams. we keep the hope alive in america. [ cheers and applause ] and this matters. you know this matters. this counts. it counts for the 23 million people struggling to get a job, getting a better job today. it counts for the young peoe. today we wonder whether that's true. the majority of americans don't think that's the case. this matters. there's one more sense in which it matters. that's what i began with, and that is our military capability. our ability to defend our liberty and the liberty of our friends around the world, with whom we trade and with whom we trade and whose prosperity depends on our trade. i was in poland and got the chance to meet a hero. i came in and he said, mr.
. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion
in obama's handling of the economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rat
are so down in this economy, our question is, how is it swing state voters feel up about things, and make sense of the president when folks who hire imare not. to -- hire them are not. noel, that is a big, big political disconnect. >> you know, i actually that is true, because i have to tell you, the cfo is the heart beat for corporate america. they are seeing you know the financial side of things, and they are negative, and depressed about it, that is something you should take notice. i just did a private round table for senator wicker out of mississippi. we had about 10 businessmen around for this fund-raiser, one of guys was a cfo of a very large company, and very well respected, senator wicker asked him, what do you think about the future? what is your feeling? he actually said, well, i'm loading up on gold bullion, i'm go to buy a farm in arkansas, i thought that should tell you a little bit about something. neil: they are not all that way, maybe, but, market last couple of days notwithstanding has narrowly, taken all this in stride. i am wondering whether you think to its own peril,
. it is crippling the iranian economy but it hasn't stopped them from getting nuclear weapons. we both agree that is the ultimate goal. the united states has wanted to bring them to the negotiating table. that has not happened, either. the israelis are almost feeling as though both the mentality and the course of actions that the u.s. has taken and the west in general have been naive. >>shepard: factoring in is the fact that so many analysts with great experience and knowledge of the situation here are of the belief that you cannot stop this by bombing. it will take something else. >>reporter: right. that's tech did you want to look at that exact point look at the people of iran and what they are saying. right before mahmoud ahmadinejad got on a plane to come to the u.n. meeting, the people of iran, and i have been on so many blogs and twitter and facebook, where are we going? we have so many problems at home to address. you do not need to go to the u.n. and talk about world problems and reforming of the global community as has been repeated on interviews and the at podium at the u.n. there
if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will take all of that back up again. also, israel's prime minister benjamin netanyahu, calling on the united states and united nations to draw a clear red line on iran's nuclear program and former ambassador john bolton. also, shelby steele on how group and identity politics is shaping this presidential election. turning back to the president's so-called new economic patriotism, the polls and what we can expect over the final 40 days now until election day. clinton adviser, fox news political analyst, doug schoen. also, ed rollins, former reagan political director, it's good to have you with us weather thank you very much for having me. lou: let me start with this new theme. we can all agree that the president has a thing called forward i want to understand, if you will, the motto or mitt romney. this is a man ready to sell himself. you don
the president is leading look at this number, economic optimism. 57% now believe the economy is recovering. that number is up six points in just the past few weekz. ultimately this race will be won in nine battleground states. florida, virginia, and ohio romney is tight in the races with the states of fluidity, florida and virginia. in florida obama and romney are neck and neck. virginia romney has narrowed the lead from 5 to 2. another statistical tie. in ohio the president has improved his standing. he leads romney there by eight points. and for those wondering about the party idea the sample is less democratic in ohio this time than the last poll. digging deeper into our numbers we divided thet battleground states by three measures. president's job rating. romney's favorability rating that number is still under water he has problems and the question of which candidate is better equipped to manage the economy. remember the unemployment rate is 5.9% in virginia. romney's favorable in florida but under in virginia and ohio. when it comes to who is better able to manage the economy a questi
if you stop an economy growing, it will be of more out of work claiming benefits, not paying taxes. businesses struggles that they are not paying taxes. and as a result, borrowing goes out. our income not to invest in schools and transport and education, but are we to keep people idle so the next time you hear a conservative say to you, labor would increase borrowing. just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we have seen recessions, higher unemployment, higher borrowing. i don't think that is what people were promised. there will be some people who say, and this is an important argument. it will be some people who say they were short-term pain, but it is worth it for the long term gain. and i'm afraid the opposite is true. the longer you have low growth in the country, the baker to debt comes to the future and the bigger problems will be in the future. the longer a young person is out of work, that's not just bad for the prospects now. it is bad for their prospects for the whole of the rest of their lives. and it's
to average americans, the economy. let's run this through the spin cycle. i think this is a double-edge sword. on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points here, the other side to this is, there are areas to exploit. obama's foreign policy has been whitewashed by his defenders and i think there are people on the right in the middle and honest people on the left who would be outraged to hear a little bit more about obama's failed promises. the problem mitt romney is going to have, he has to come at foreign policy from the left and right. that's tricky. from the right, he needs to talk about obama's policy of open hands versus clenched fists, have see
: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think that had some effect. there is no question that president obama came out of the conventions with a little bit of momentum. you talk, it is not only showing up in the public polling that we're talking about here today but talk to republican pollsters polling on senate and house races and they will talk about what they call the clinton bump. they have seen it across polling in various parts of the country that voters who are asked a question is the country on the right track, is the country on the wrong track, which most pollsters believe the single best determiner ho will win in november, there was a jump in
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
taxes will help grow the economy? >> no. >> ryan's expression back there when he looks over at portman, kind of intriguing. it would be curious what a thought bubble would be going on over there. but it's a little bit of a change for romney. he had often been accusing the president of raising taxes or citing increases, i thinking about the health care law, et cetera. a romney adviser put out a memo yesterday explaining how capital gains are taxed. as they say, if you're explaining how capital gains are taxed, not just calling for different ways of lowering them, if you're simile having to explain it, you're losing. romney has also tried to make china a boogeyman and he did it again in ohio yesterday. >> that when people cheat, that kills jobs. china has cheated. i will not allow that to continue. [ cheers and applause ] >> this is one issue where romney has tried to go on the offense with china since he got on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade
at the dynamics economically at play in ohio. governor cakasic's great job of sheparding the ohio economy to account for state unemployment 7.2%, lower than the national average, it also undercuts mitt romney's message this economy isn't in turn around and time to get someone else. >> makes john kasic a hobbled sur row gate for mitt romney, you can't say the economy is great when you're trying to prove the economy is bad. thing about ohio it's an important state, and remember when 2004 the whole election came down to john kerry losing narrowly to george w. bush in that state, the president has a couple huge advantages we're seeing in the ten-point game, one is the auto bailout. there is no state besides michigan be impacted more positively by the auto bailout than ohio. 82 out of 88 counties have an auto parts supplier in them that's felt a direct effect of the bailout. part of why the economy is doing better there. it's enough to move the needle. also the case that anti-union backlash in the industrial midwest and wisconsin has motivated organized labor in ohio in a way, the case always
to find work in today's economy. too many of those whore payc.ng are liaycheck to acare ling in poverty than when president obama took office. and 15 million more are on food stamps. my plan will create 12 million new jobs over the next four years. we shoul'teasure compassion by how many pele are on wee. hosuomio by how many people are able to get off welfare and get a good paying job. i'm mitt romney, and i approved this message. >> i think that ad just makes my odorning, it's thursday, september 27th, as you take a look at a wet times square in new york city. i'm in chicago this morning, but with us in new york city wh willie geist, our national affairs editor for "new york" magazine andnbit analyst, john heilemann. also former treasury official and "morning joe" economic analyst steve ratner and nbc news chief affairs correspondent and ht of "andrea mitchell reports." >> we have affairs. >> andrea mitchell. aninasto f "the politico playbook," executive executor jim vandehei. of course, willie, we've got a lot to talk about. let's start really quickly with the refs! >> they're back. >
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
18,000 jobs in the sector. that is where the economy is being structured these days. 10,000 jobs in construction. manufacturing, 4000 jobs. melissa: we were looking at 113, does that make that same life? i just want to remind everyone that is not a good number. >> finding the list that the government number includes state and local layoffs. i don't think that adp number includes that. when you look at those two numbers since january, you will see a defeat for 172,000 jobs a month where it is about 150,000. it has to be above 200,000 to keep up with population growth. again, 8.2% we are looking at coming in for friday. lori: full employment around 4%? nobody talks about that anymore. >> we just talk about the jobless rate. lori: the temperature is going down, find your heating costs going way up? the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier
: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>
they will turn it into something political. it will really be hard, when you think about the economy we are in right now, how can you tell individuals we will raise the price of work did right now we need more work. it would be a bad time to do that. both sides will ultimately agree on that. dagen: we are looking at this calendar with 20 days left at work just for the representatives to deal with this. why isn't the uncertainty, why isn't there any other business that would impact the economy. >> it is entirely possible. you would almost think if the economy or the marcos thought they would let us reach the cliff go over it, you would see a lot of forward activity. the fact you are not seeing it suggests that markets think we get to the final days they will actually come to a deal. a little over a year ago it was that we were days from government default, but, ultimately, they came to a deal. dagen: john, good to see you. as always, thank you. connell: breaking news now. it is on the libor investigation. this is from the exclusive reporting from our own charlie gasparino. chuck grassley
they both say that they have the answers to try to turn the economy around xshgs it really comes down to appealing to we think about 6% of the electorate right now who hasn't decided who they're going to vote for. of that 6% they live in nine states, including the state that i'm standing in right now. the other states that we're really focussing on as we just talked about, virginia, florida, ohio, it's also nevada, iowa, new hampshire. it's all across the spectrum of who these candidates are trying to reach out to, suzanne. >> and right where you rshgs of course, you mention in colorado nine electoral votes. critical to get them to the magic nm number needed to win. president obama seems to have the advantage in this state, and, of course, the dnc held their convention there back in 2008. how much does it matter to have the hometown advantage, to have the people who are sitting in that audience and perhaps you are ahead in the polls? does it make that much difference in a debate setting? >> well, he certainly has a little bit of a lead right now, according to the latest cnn poll of po
of the economies, and i think because of that mitt romney's gin more chances than he otherwise would to make his case to the american people. i think this very first debate next week may be his last best chance to make his case. >> do you think if the debate's a flop for mitt romney that all of a sudden some super-pacs and big dollar donors, some of the establishment, do they begin to abandon him next thursday? >> i think it will certainly heighten and go to defcon five. what's the next color is on the homeland security chart, i lose track of them, we'll probably go to. i think what mitt needs to do, craig -- >> fuchsia. >> -- is really be himself. stop trying to be a conservative. he's not. we're not talking about a guy with deep ideological convictions. his real moral convictions are in his family where he has a picturesque american model there. beyond that, he's known for making money for himself and other people and creating jobs for those who don't have wealth. that's who he needs to be. >> it sounds like steve is saying let mitt be mitt. is it too late for that? >> well, it's not as though
about the economy. they went after joe biden for his gaffe on saying the middle class has done poorly under the president, but i think, again, they're trying to do things in this tactical way that just hasn't worked for them so far and i think every day they're not having mitt romney out forcefully explaining what the president has done on the economy, is not a great day for them. now, he's in a better place than a lot of the pundits have suggested but i don't really think they have days to waste on things like this and the backlash against it was so strong. when drudge tees something up, even though he tilts right and even though a lot of people denigrate him, it gives the republicans an opportunity to dominate a news cycle. when they cry wolf with a 5-year-old video, it undermineds something so effective as a delivery mechanism over the years. >> i want to open this up to our panel here. karen, the debate, structure of the debate tonight, three segments on the economy, one segment on health care, one segment on the role of economy. no question on vintage youtube clips which is a tot
's focus is domestic. >> yep. >> no bigger domestic issue than the economy, as we know. we'll have a rather open format. do you think we'll actually hear a specific from mr. romney on how he plans for a revenue-neutral 20% tax cut across the board for every american? are we going to hear that tonight in. >> no, absolutely not. i think what you're going to hear and see is more of a tactic. sort of a communications tactic of making it sound like he's talking like a plan, like that 17,000 cap he threw out the other day and then his team walked that right back. probably -- >> karen, that's known as i've got a hole in my pocket, dear liza. >> that's right. you'll hear him talk about a number of these things as if it sounds like a plan, but without any specifics. i think what you'll see from the president is more specifics. again, the president actually has a record to talk about. i mean, put forward a health care plan. happened to be, you know, based on mitt's, but whatever. he has a jobs plan, a number of things of specifics he can point to whereas romney doesn't. i think that will be part of t
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened the instability. he does not understand that an american policy that lacks resolve can p
of return. do something to get the economy to move again. i think there's a lot of compelling unions that are think abouting it circhtly. to underestimate the kind of [inaudible] >> i would say one thing to watch political any in the jersey we come from a unionized state than a lot of states in the south. the union have different power and i think one of the things that is important to watch you saw it in wisconsin and you see in other places it's a growing system between public sector and union work force which is growing and the trade and the private sector. they are different views on politics and very different views on public policy coming from both sides. i think we're at an early stage on that. i think it is something to watch as we go forward in terms of the political objectives of public sector and private sector which ultimately different subjective you will see a bit of divergence in that. >> people love to talk about it. the division between public and private sector unions. there a certain number of tenet whether you're public or private. [inaudible] what you pay for the
, including iowa. it'timeor aew enomiargument. patriotism. rooted in the belief that growing our economy against with a strong, thriving middle class. read my plan. compare it to governor romney's and ciorrs anksor lteni. >> the president introduced the theme of economic patriotism into his stump speech at a campaign event in virginia today. >> during campaign season, you always hear a lot about patriotism. well, u know what? it's time foa neecon ioti. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> this is a new line in the president's campaign speech. it's not simply a call for policies and programs to support the middle class. it's a contrast with his opnent. thcontst ion fl display in another ad using mitt romney's own words. >> there are 47% of the people who will vote for the president no matter what, who are dependent upon government, who believe they are victims, who believes government has a responsibility to care for them, who believe they're entitled to health care, foo houng, u nat. they'll vote for the p
to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last. hollande, i can't man he is president for much longer because, because his popularity is plummeting. >> kind of depends on who is, who is out there voting. whether or not they support it. in france there are a whole bunch of people are looking to leave. super victoria supermodels say they will leave the country. >> right. melissa: the head of lvmh will leave the country. ceo of beauty companies saying that they're going to, they're going to have a really hard time, recruiting, l'oreal, will have a hard time recruiting executives because why would somebody come to france and work if giving away 70% of the income. there you go. that is everybody racing for the door. >> right. they have raised tax rates across the board. 41% rate went to 45. they now have a higher tax rate than the average european tax. remember, airbus is in france. so, and part of this tax hike they're taking away the ability of corporations to deduct interest on their
if the governor wants to, he can use this format, which is open ended on the economy, talk about the economy, but also about american strength and how that can or will be affected in the future economically. so i wouldn't be surprised at all if what you saw in that op-ed that governor romney wrote for the "wall street journal" doesn't become part of a response to a larnler conversation about not just economics in america, but the economic projection, the values projection and foreign policy pro jex. >> let me ask you about the format. debate formats have been krit krzyzewskied. it's going to be six segments. the moderator has some ability to let it go and bring the conversation more broadly. breathe more than we've seen in the past. does that favor one person or the other? >> no, i don't think so. i think as you know, who goes first was determined by coin flip and there's a slight advantage of having your opponent go first. in the opening, romney won the coin toss because president obama goes first and that means that mitt romney can make adjustments after he's spoken, even after that some.
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
>> pelley: tonight, signs of a new direction in the economy. we have new information on consumer confidence and real consumer confidence and real estate prices today. anthony mason on what all this means for jobs. jan crawford and nancy cordes with the president at the romney in ohio promoting free trade. jeff glor on the call that every football fan is talking about. >> it was awful. that's all i'm going to say about it. >> pelley: and these images helped change america. >> how could you not ask the question "what ever happened to that kid?" >> pelley: seth doane with the man who uncovered the stories behind the faces. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. six weeks before an election that may turn on the state of the economy, a new survey out today finds that americans are feeling better about things. consumer confidence is at its highest level in seven months, largely because more americans expect the jobs picture to improve. but confidence is still at what's considered a weak level. home values are increasing. a
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